ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
The latest ShowingTime Showing Index® recorded nationwide growth for the first time in more than a year, indicating increasing strength in buyer demand.
The August Showing Index saw a 3.5 year-over-year drop in showing traffic nationwide, the first growth in the U.S. in more than a year.
The Northeast saw a boost of 5.9 percent, the fourth consecutive month of increasing in home buyer activity in the region.
In the South Region, a 2.7 percent boost in showing activity was reported, while the West Region of the U.S. reversed a trend of large consecutive drops in showing activity, recording a 2.2 percent jump year over year. The Midwest also saw an increase in buyer demand, with an increase of of 1.3 percent.
The ShowingTime Showing Index® tracks the average number of buyer showings on active residential properties on a monthly basis, a highly reliable leading indicator of current and future demand trends.
Our national and regional indices – seen as quadrants on a map of the United States above – are computed based on a representative sample of more than 100,000 listings from 25 local markets across the United States. Our methodology focuses on properties listed by agents subscribing to ShowingTime’s full appointment management solutions at the agent and office levels.
It includes all buyer showing appointments requested or logged across all ShowingTime systems including ShowingTime for the MLS, ShowingTime Front Desk and the ShowingTime Appointment Center.
We’re also developing localized versions of the Showing Index, which will be available in certain MLS markets.
“The best in the country in showing statistics.”
Lawrence Yun, Chief Economist, National Association of REALTORS®